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India's economic growth being held back by bad loans: analyst

Indian banks are saddled with some of the highest levels of bad debts in the emerging markets: IMF
Monday, April 24, 2017 - 05:50

New Delhi

THE recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon's unpaid debts are just the tip of an iceberg that is holding back the country's economic growth.

The multimillionaire owner of a Formula One team and founder of

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